Depreciation Pr...

 Installation, freight and transport expenses are a part of

Reserve created for maintaining a stable rate of dividend is termed as

______ are created in business for rainy day

Which reserve are created for specific purpose

Provision is debited to ____ account

Under what situations does a business invest the fund outside

a. A ready cash is required at a future date

b. The funds cannot be profitably invested in the business itself

Following are the disadvantages of secret reserves except

Match the following. Options are

A company purchased a vehicle for Rs.6000. That will be used for 5 years and its residual value is expected to be Rs.1000. What will be the annual amount of depreciation using straight line method? 

A fixed asset was bought for Rs.5000. Its accumulated depreciation is Rs.3000 and rate of depreciation is 20%. Calculate its depreciation expenses for the current accounting period using reducing balance method?